Kansas City Star
Be wary of brokers and bankers touting can’t-lose investments that turn out to be anything but. That’s the hard lesson learned by thousands of consumers just now finding their savings are irretrievably stuck in something called auction rate certificates, or ARCs. They were told the obscure investments were as safe and liquid as money markets, […]
Infovest21 News
So far, a class action lawsuit has been filed against Citigroup in the United States District Court for the Southern District of Florida for investors in the Falcon Fund. The case is Robert Zeff v.Citigroup Alternative Investments. The lawyers are calling on investors who lost more than $100,000 to join the action. Brokers who sold […]
San Luis Obispo Tribune
A hearing in the first of four arbitration cases filed against Jeffrey Forrest of WealthWise LLC in San Luis Obispo is scheduled to be held late this year. Beverly Hills attorneys representing San Luis Obispo County investors who were clients of Forrest and lost millions in a failed equity investment fund, said the first hearing […]
Hedge World
An Indianapolis law firm hopes to fill what may be a promising niche in the market for securities lawyers: representing institutions in litigation against huge firms, generally the sponsors of hedge funds, who have lost money in the subprime mess. Keith L. Griffin, of Maddox, Hargett & Caruso PC, said in a telephone interview on […]
Memphis Daily News
As the lawsuits and arbitration claims keep piling up on behalf of investors who lost millions of dollars in several Regions Morgan Keegan mutual funds last year, another group of investors is prepping for legal action. The list of people who got caught up in the mutual fund debacle unfolding at the Memphis-based brokerage firm […]